D5BC.DE vs. TGBT.DE
D5BC.DE (Xtrackers II Germany Government Bond 1-3 UCITS ETF) and TGBT.DE (VanEck iBoxx EUR Sovereign Diversified 1-10 UCITS ETF) are both European Government Bonds funds - D5BC.DE tracks the iBoxx® EUR Germany 1-3 while TGBT.DE tracks the iBoxx® EUR Liquid Sovereigns Diversified 1-10. Both are passively managed. Over the past 5 years, D5BC.DE returned 0.22%/yr vs -2.05%/yr for TGBT.DE. A 0.75 correlation means they provide meaningful diversification when combined. Both charge a 0.15% expense ratio.
Performance
D5BC.DE vs. TGBT.DE - Performance Comparison
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Returns By Period
In the year-to-date period, D5BC.DE achieves a 0.01% return, which is significantly higher than TGBT.DE's -0.51% return.
D5BC.DE
- 1D
- 0.03%
- 1M
- 0.03%
- YTD
- 0.01%
- 6M
- 0.07%
- 1Y
- 0.64%
- 3Y*
- 2.03%
- 5Y*
- 0.22%
- 10Y*
- -0.22%
TGBT.DE
- 1D
- 0.11%
- 1M
- 0.02%
- YTD
- -0.51%
- 6M
- 0.56%
- 1Y
- 0.78%
- 3Y*
- 2.64%
- 5Y*
- -2.05%
- 10Y*
- —
D5BC.DE vs. TGBT.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|---|---|---|
D5BC.DE Xtrackers II Germany Government Bond 1-3 UCITS ETF | 0.01% | 1.69% | 2.24% | 2.60% | -4.78% | -0.95% | -0.76% | -0.89% | 0.01% |
TGBT.DE VanEck iBoxx EUR Sovereign Diversified 1-10 UCITS ETF | -0.51% | 2.54% | 1.35% | 7.34% | -18.19% | -2.64% | 3.34% | 5.03% | 0.26% |
Correlation
The correlation between D5BC.DE and TGBT.DE is 0.75, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.75 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.82 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.83 |
Correlation (All Time) Calculated using the full available price history since Dec 12, 2018 | 0.75 |
The correlation between D5BC.DE and TGBT.DE has been stable across timeframes, ranging from 0.75 to 0.83 - a consistent structural relationship.
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Return for Risk
D5BC.DE vs. TGBT.DE — Risk / Return Rank
D5BC.DE
TGBT.DE
D5BC.DE vs. TGBT.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Xtrackers II Germany Government Bond 1-3 UCITS ETF (D5BC.DE) and VanEck iBoxx EUR Sovereign Diversified 1-10 UCITS ETF (TGBT.DE). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.
| D5BC.DE | TGBT.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.37 | ||
| Sortino ratioReturn per unit of downside risk | +0.51 | ||
| Omega ratioGain probability vs. loss probability | 1.09 | 1.02 | +0.07 |
| Calmar ratioReturn relative to maximum drawdown | 0.46 | 0.11 | +0.35 |
| Martin ratioReturn relative to average drawdown | 1.39 | 0.29 | +1.10 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| D5BC.DE | TGBT.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.45 | 0.08 | +0.37 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.14 | -0.32 | +0.45 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | -0.18 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.14 | -0.09 | +0.23 |
Drawdowns
D5BC.DE vs. TGBT.DE - Drawdown Comparison
The maximum D5BC.DE drawdown since its inception was -9.22%, smaller than the maximum TGBT.DE drawdown of -21.36%. Use the drawdown chart below to compare losses from any high point for D5BC.DE and TGBT.DE.
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Drawdown Indicators
| D5BC.DE | TGBT.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -9.22% | -21.36% | +12.14% |
Max Drawdown (1Y)Largest decline over 1 year | -1.08% | -3.32% | +2.24% |
Max Drawdown (3Y)Largest decline over 3 years | -1.08% | -3.56% | +2.48% |
Max Drawdown (5Y)Largest decline over 5 years | -6.12% | -21.12% | +15.00% |
Max Drawdown (10Y)Largest decline over 10 years | -9.22% | — | — |
Current DrawdownCurrent decline from peak | -2.33% | -11.91% | +9.58% |
Average DrawdownAverage peak-to-trough decline | -2.32% | -9.23% | +6.91% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.36% | 1.26% | -0.90% |
Volatility
D5BC.DE vs. TGBT.DE - Volatility Comparison
The current volatility for Xtrackers II Germany Government Bond 1-3 UCITS ETF (D5BC.DE) is 0.42%, while VanEck iBoxx EUR Sovereign Diversified 1-10 UCITS ETF (TGBT.DE) has a volatility of 1.55%. This indicates that D5BC.DE experiences smaller price fluctuations and is considered to be less risky than TGBT.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| D5BC.DE | TGBT.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.42% | 1.55% | -1.13% |
Volatility (6M)Calculated over the trailing 6-month period | 1.01% | 3.94% | -2.93% |
Volatility (1Y)Calculated over the trailing 1-year period | 1.11% | 4.44% | -3.33% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 1.57% | 6.38% | -4.81% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 1.21% | 5.67% | -4.46% |
D5BC.DE vs. TGBT.DE - Expense Ratio Comparison
Both D5BC.DE and TGBT.DE have an expense ratio of 0.15%, making them cost-effective options compared to the broader market, where average expense ratios typically range from 0.3% to 0.9%.
Dividends
D5BC.DE vs. TGBT.DE - Dividend Comparison
D5BC.DE's dividend yield for the trailing twelve months is around 1.26%, less than TGBT.DE's 1.95% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
D5BC.DE Xtrackers II Germany Government Bond 1-3 UCITS ETF | 1.26% | 1.05% | 0.35% | 0.62% | 1.27% | 0.76% | 0.00% | 0.00% | 0.47% | 0.00% | 0.46% | 0.54% |
TGBT.DE VanEck iBoxx EUR Sovereign Diversified 1-10 UCITS ETF | 1.95% | 2.17% | 1.13% | 0.57% | 0.60% | 0.77% | 0.75% | 0.35% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
D5BC.DE and TGBT.DE have a correlation of 0.75, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
Both ETFs have the same 0.15% expense ratio. The better choice depends on whether you care most about return, fees, risk, or income.
D5BC.DE and TGBT.DE have the same expense ratio: 0.15% per year.
D5BC.DE tracks iBoxx® EUR Germany 1-3, while TGBT.DE tracks iBoxx® EUR Liquid Sovereigns Diversified 1-10. They also come from different issuers: Xtrackers and VanEck.
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